Nuclear Energy Momentum - Nuclear energy is gaining momentum as a solution for rising energy demand and reducing carbon footprint [1] - AI's electricity consumption could increase from 8 terawatt-hours in 2024 to 652 terawatt-hours by 2030, creating a need for nuclear power [2] - 63 nuclear reactors are currently under construction, and demand for nuclear could grow by 2.5 times its current capacity by 2050 [5] Cameco (CCJ) - Cameco is a leading uranium producer, accounting for approximately 18% of global uranium supply [4] - The company has controlling interests in uranium mines in Canada, the United States, and Kazakhstan [4] - Analysts estimate Cameco's revenue will hit 2.3billionin2025,withpotentialforlong−termgrowth[6][7]SouthernCompany(SO)−SouthernCompanyisoneofthelargestenergycompaniesintheUnitedStates,servingover9millioncustomers[8]−Thecompanyoperateseightnuclearpowerunitsacrossthreeplants,withrecentinvestmentsinnewnuclearconstruction[9]−SouthernCompanyoffersa3.55 billion in R&D by 2028 [12][13] - Analysts estimate GE Vernova will grow earnings by an average of 46% annually over the next couple of years [14]
Cameco(CCJ) The Motley Fool·2025-01-04 08:15